First Merchants Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
First Merchants Bank 2023 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | First Merchants Bank 200 E. Jackson St. Muncie, IN 47305 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 |
| Total Number of Mortgage Applications | 9,050 |
| Total Mortgage Loan Application Amount | $1,814,090,000 |
| Average Mortgage Loan Application Amount | $194,000 |
| Highest Mortgage Loan Application Amount | $31,905,000 |
| Average Applicant Income | $108,166 |
| Highest Applicant Income | $4,853,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 with First Merchants Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing First Merchants Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2023 breaks down First Merchants Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how First Merchants Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by First Merchants Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at First Merchants Bank's mortgage activity for 2023.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Oakland County Michigan | 759 | $ 280,835,000 | $ 370,000 | $ 220,000 |
| Wayne County Michigan | 573 | $ 99,355,000 | $ 173,000 | $ 124,000 |
| Marion County Indiana | 562 | $ 81,400,000 | $ 144,000 | $ 102,000 |
| Delaware County Indiana | 512 | $ 51,420,000 | $ 100,000 | $ 80,000 |
| Allen County Indiana | 509 | $ 72,695,000 | $ 142,000 | $ 77,000 |
| Tippecanoe County Indiana | 505 | $ 75,515,000 | $ 149,000 | $ 89,000 |
| Madison County Indiana | 470 | $ 46,630,000 | $ 99,000 | $ 83,000 |
| Franklin County Ohio | 367 | $ 91,435,000 | $ 249,000 | $ 179,000 |
| Lake County Indiana | 326 | $ 40,690,000 | $ 124,000 | $ 117,000 |
| Monroe County Michigan | 308 | $ 31,230,000 | $ 101,000 | $ 94,000 |
| Washtenaw County Michigan | 275 | $ 87,505,000 | $ 318,000 | $ 189,000 |
| Hamilton County Indiana | 258 | $ 66,520,000 | $ 257,000 | $ 198,000 |
| Henry County Indiana | 205 | $ 21,985,000 | $ 107,000 | $ 83,000 |
| Macomb County Michigan | 187 | $ 37,035,000 | $ 198,000 | $ 135,000 |
| Johnson County Indiana | 174 | $ 39,750,000 | $ 228,000 | $ 122,000 |
| Cook County Illinois | 167 | $ 54,545,000 | $ 326,000 | $ 130,000 |
| White County Indiana | 152 | $ 16,390,000 | $ 107,000 | $ 77,000 |
| Jasper County Indiana | 144 | $ 15,750,000 | $ 109,000 | $ 79,000 |
| Hendricks County Indiana | 133 | $ 25,885,000 | $ 194,000 | $ 135,000 |
| Wells County Indiana | 99 | $ 11,495,000 | $ 116,000 | $ 86,000 |
| Randolph County Indiana | 96 | $ 8,590,000 | $ 89,000 | $ 78,000 |
| Livingston County Michigan | 92 | $ 26,690,000 | $ 290,000 | $ 147,000 |
| Clinton County Indiana | 91 | $ 7,955,000 | $ 87,000 | $ 68,000 |
| Carroll County Indiana | 85 | $ 11,405,000 | $ 134,000 | $ 100,000 |
| Jay County Indiana | 83 | $ 6,925,000 | $ 83,000 | $ 78,000 |
| Hancock County Indiana | 76 | $ 11,870,000 | $ 156,000 | $ 117,000 |
| Montgomery County Indiana | 73 | $ 6,855,000 | $ 93,000 | $ 77,000 |
| Morgan County Indiana | 71 | $ 8,045,000 | $ 113,000 | $ 107,000 |
| Wabash County Indiana | 67 | $ 6,185,000 | $ 92,000 | $ 73,000 |
| Adams County Indiana | 64 | $ 7,290,000 | $ 113,000 | $ 97,000 |
| Porter County Indiana | 63 | $ 14,205,000 | $ 225,000 | $ 227,000 |
| Delaware County Ohio | 57 | $ 23,415,000 | $ 410,000 | $ 249,000 |
| Shelby County Indiana | 53 | $ 5,555,000 | $ 104,000 | $ 82,000 |
| Huntington County Indiana | 50 | $ 5,850,000 | $ 117,000 | $ 90,000 |
| Kent County Michigan | 47 | $ 11,545,000 | $ 245,000 | $ 130,000 |
| Miami County Indiana | 42 | $ 4,610,000 | $ 109,000 | $ 60,000 |
| Lucas County Ohio | 40 | $ 6,550,000 | $ 163,000 | $ 108,000 |
| Brown County Indiana | 39 | $ 6,045,000 | $ 155,000 | $ 130,000 |
| Genesee County Michigan | 38 | $ 8,260,000 | $ 217,000 | $ 111,000 |
| Fayette County Indiana | 37 | $ 2,985,000 | $ 80,000 | $ 68,000 |
| Jackson County Michigan | 29 | $ 4,355,000 | $ 150,000 | $ 94,000 |
| Will County Illinois | 26 | $ 8,400,000 | $ 323,000 | $ 176,000 |
| Marshall County Indiana | 26 | $ 5,950,000 | $ 228,000 | $ 253,000 |
| Union County Indiana | 26 | $ 2,150,000 | $ 82,000 | $ 106,000 |
| Lenawee County Michigan | 25 | $ 4,325,000 | $ 173,000 | $ 128,000 |
| Boone County Indiana | 24 | $ 18,130,000 | $ 755,000 | $ 398,000 |
| Ingham County Michigan | 21 | $ 5,145,000 | $ 245,000 | $ 127,000 |
| DuPage County Illinois | 19 | $ 6,255,000 | $ 329,000 | $ 177,000 |
| Blackford County Indiana | 19 | $ 2,175,000 | $ 114,000 | $ 65,000 |
| DeKalb County Indiana | 19 | $ 3,375,000 | $ 177,000 | $ 111,000 |
| Kosciusko County Indiana | 19 | $ 3,615,000 | $ 190,000 | $ 186,000 |
| Newton County Indiana | 19 | $ 1,765,000 | $ 92,000 | $ 76,000 |
| Wayne County Indiana | 19 | $ 1,605,000 | $ 84,000 | $ 69,000 |
| Howard County Indiana | 17 | $ 1,675,000 | $ 98,000 | $ 100,000 |
| St. Clair County Michigan | 17 | $ 3,605,000 | $ 212,000 | $ 121,000 |
| Fairfield County Ohio | 17 | $ 4,575,000 | $ 269,000 | $ 150,000 |
| Fountain County Indiana | 16 | $ 1,450,000 | $ 90,000 | $ 65,000 |
| Ottawa County Michigan | 13 | $ 3,345,000 | $ 257,000 | $ 139,000 |
| Benton County Indiana | 12 | $ 990,000 | $ 82,000 | $ 55,000 |
| Pulaski County Indiana | 12 | $ 1,050,000 | $ 87,000 | $ 74,000 |
| LaPorte County Indiana | 11 | $ 3,805,000 | $ 345,000 | $ 402,000 |
| Warren County Indiana | 11 | $ 1,015,000 | $ 92,000 | $ 66,000 |
| Cuyahoga County Ohio | 11 | $ 6,035,000 | $ 548,000 | $ 255,000 |
| Grant County Indiana | 10 | $ 1,800,000 | $ 180,000 | $ 91,000 |
| Union County Ohio | 10 | $ 4,560,000 | $ 456,000 | $ 598,000 |
| Steuben County Indiana | 9 | $ 2,425,000 | $ 269,000 | $ 213,000 |
| Tipton County Indiana | 9 | $ 1,585,000 | $ 176,000 | $ 122,000 |
| Putnam County Indiana | 8 | $ 1,050,000 | $ 131,000 | $ 102,000 |
| Starke County Indiana | 8 | $ 1,330,000 | $ 166,000 | $ 87,000 |
| Lake County Illinois | 7 | $ 44,835,000 | $ 6,405,000 | $ 1,384,000 |
| Bartholomew County Indiana | 7 | $ 545,000 | $ 77,000 | $ 70,000 |
| Rush County Indiana | 7 | $ 505,000 | $ 72,000 | $ 60,000 |
| Lapeer County Michigan | 7 | $ 1,905,000 | $ 272,000 | $ 105,000 |
| Hamilton County Ohio | 7 | $ 2,565,000 | $ 366,000 | $ 357,000 |
| Lee County Florida | 6 | $ 2,100,000 | $ 350,000 | $ 421,000 |
| Cass County Indiana | 6 | $ 710,000 | $ 118,000 | $ 83,000 |
| Whitley County Indiana | 6 | $ 790,000 | $ 131,000 | $ 141,000 |
| Allegan County Michigan | 6 | $ 1,220,000 | $ 203,000 | $ 189,000 |
| Muskegon County Michigan | 6 | $ 1,500,000 | $ 250,000 | $ 234,000 |
| Saginaw County Michigan | 6 | $ 1,500,000 | $ 250,000 | $ 81,000 |
| Elkhart County Indiana | 5 | $ 1,945,000 | $ 389,000 | $ 189,000 |
| St. Joseph County Indiana | 5 | $ 1,835,000 | $ 367,000 | $ 156,000 |
| Charlevoix County Michigan | 5 | $ 3,375,000 | $ 675,000 | $ 685,000 |
| Grand Traverse County Michigan | 5 | $ 1,835,000 | $ 367,000 | $ 613,000 |
| Licking County Ohio | 5 | $ 1,475,000 | $ 295,000 | $ 171,000 |
| Pickaway County Ohio | 5 | $ 1,455,000 | $ 291,000 | $ 109,000 |
| Orange County Florida | 4 | $ 3,300,000 | $ 825,000 | $ 533,000 |
| Pinellas County Florida | 4 | $ 1,860,000 | $ 465,000 | $ 814,000 |
| Sarasota County Florida | 4 | $ 2,080,000 | $ 520,000 | $ 251,000 |
| Kane County Illinois | 4 | $ 2,070,000 | $ 517,000 | $ 379,000 |
| Noble County Indiana | 4 | $ 980,000 | $ 245,000 | $ 210,000 |
| Bay County Michigan | 4 | $ 1,010,000 | $ 252,000 | $ 198,000 |
| Cheboygan County Michigan | 4 | $ 1,930,000 | $ 482,000 | $ 379,000 |
| Kalamazoo County Michigan | 4 | $ 1,950,000 | $ 487,000 | $ 610,000 |
| Ogemaw County Michigan | 4 | $ 880,000 | $ 220,000 | $ 558,000 |
| Van Buren County Michigan | 4 | $ 1,970,000 | $ 492,000 | $ 2,244,000 |
| Butler County Ohio | 4 | $ 420,000 | $ 105,000 | $ 115,000 |
| Darke County Ohio | 4 | $ 270,000 | $ 67,000 | $ 49,000 |
| Van Wert County Ohio | 4 | $ 260,000 | $ 65,000 | $ 59,000 |
| Warren County Ohio | 4 | $ 2,070,000 | $ 517,000 | $ 227,000 |
| Maricopa County Arizona | 3 | $ 21,705,000 | $ 7,235,000 | $ 800,000 |
| Miami-Dade County Florida | 3 | $ 2,035,000 | $ 678,000 | $ 931,000 |
| Palm Beach County Florida | 3 | $ 1,385,000 | $ 461,000 | $ 601,000 |
| St. Johns County Florida | 3 | $ 1,375,000 | $ 458,000 | $ 179,000 |
| Volusia County Florida | 3 | $ 735,000 | $ 245,000 | $ 157,000 |
| Kankakee County Illinois | 3 | $ 2,635,000 | $ 878,000 | $ 122,000 |
| Vigo County Indiana | 3 | $ 275,000 | $ 91,000 | $ 79,000 |
| Alcona County Michigan | 3 | $ 305,000 | $ 101,000 | $ 91,000 |
| Antrim County Michigan | 3 | $ 705,000 | $ 235,000 | $ 124,000 |
| Arenac County Michigan | 3 | $ 275,000 | $ 91,000 | $ 132,000 |
| Calhoun County Michigan | 3 | $ 1,865,000 | $ 621,000 | $ 395,000 |
| Crawford County Michigan | 3 | $ 855,000 | $ 285,000 | $ 376,000 |
| Emmet County Michigan | 3 | $ 1,515,000 | $ 505,000 | $ 389,000 |
| Montcalm County Michigan | 3 | $ 665,000 | $ 221,000 | $ 96,000 |
| Defiance County Ohio | 3 | $ 825,000 | $ 275,000 | $ 95,000 |
| Knox County Ohio | 3 | $ 805,000 | $ 268,000 | $ 366,000 |
| Madison County Ohio | 3 | $ 1,275,000 | $ 425,000 | $ 222,000 |
| Morrow County Ohio | 3 | $ 1,285,000 | $ 428,000 | $ 128,000 |
| Summit County Ohio | 3 | $ 1,285,000 | $ 428,000 | $ 171,000 |
| Trumbull County Ohio | 3 | $ 215,000 | $ 71,000 | $ 89,000 |
| Beaufort County South Carolina | 3 | $ 1,005,000 | $ 335,000 | $ 356,000 |
| Pinal County Arizona | 2 | $ 530,000 | $ 265,000 | $ 170,000 |
| Los Angeles County California | 2 | $ 650,000 | $ 325,000 | $ 149,000 |
| Broward County Florida | 2 | $ 1,040,000 | $ 520,000 | $ 439,000 |
| Collier County Florida | 2 | $ 2,010,000 | $ 1,005,000 | $ 568,000 |
| Hillsborough County Florida | 2 | $ 1,590,000 | $ 795,000 | $ 454,000 |
| Lake County Florida | 2 | $ 810,000 | $ 405,000 | $ 258,000 |
| Manatee County Florida | 2 | $ 660,000 | $ 330,000 | $ 354,000 |
| Pasco County Florida | 2 | $ 650,000 | $ 325,000 | $ 229,000 |
| Polk County Florida | 2 | $ 870,000 | $ 435,000 | $ 195,000 |
| Coweta County Georgia | 2 | $ 490,000 | $ 245,000 | $ 208,000 |
| Gilmer County Georgia | 2 | $ 1,210,000 | $ 605,000 | $ 607,000 |
| McHenry County Illinois | 2 | $ 460,000 | $ 230,000 | $ 516,000 |
| Clark County Indiana | 2 | $ 280,000 | $ 140,000 | $ 138,000 |
| Floyd County Indiana | 2 | $ 1,340,000 | $ 670,000 | $ 245,000 |
| Fulton County Indiana | 2 | $ 200,000 | $ 100,000 | $ 134,000 |
| Knox County Indiana | 2 | $ 120,000 | $ 60,000 | $ 49,000 |
| Owen County Indiana | 2 | $ 220,000 | $ 110,000 | $ 85,000 |
| Parke County Indiana | 2 | $ 340,000 | $ 170,000 | $ 188,000 |
| Hopkins County Kentucky | 2 | $ 390,000 | $ 195,000 | $ 57,000 |
| Alger County Michigan | 2 | $ 90,000 | $ 45,000 | $ 88,000 |
| Benzie County Michigan | 2 | $ 420,000 | $ 210,000 | $ 129,000 |
| Clinton County Michigan | 2 | $ 490,000 | $ 245,000 | $ 168,000 |
| Gladwin County Michigan | 2 | $ 240,000 | $ 120,000 | $ 73,000 |
| Hillsdale County Michigan | 2 | $ 130,000 | $ 65,000 | $ 108,000 |
| Ionia County Michigan | 2 | $ 610,000 | $ 305,000 | $ 128,000 |
| Isabella County Michigan | 2 | $ 500,000 | $ 250,000 | $ 42,000 |
| Marquette County Michigan | 2 | $ 700,000 | $ 350,000 | $ 228,000 |
| Mason County Michigan | 2 | $ 5,890,000 | $ 2,945,000 | $ 3,111,000 |
| Mecosta County Michigan | 2 | $ 400,000 | $ 200,000 | $ 233,000 |
| Midland County Michigan | 2 | $ 780,000 | $ 390,000 | $ 172,000 |
| Roscommon County Michigan | 2 | $ 390,000 | $ 195,000 | $ 322,000 |
| Sanilac County Michigan | 2 | $ 210,000 | $ 105,000 | $ 57,000 |
| Shiawassee County Michigan | 2 | $ 320,000 | $ 160,000 | $ 95,000 |
| Wexford County Michigan | 2 | $ 680,000 | $ 340,000 | $ 407,000 |
| Nye County Nevada | 2 | $ 420,000 | $ 210,000 | $ 53,000 |
| Carteret County North Carolina | 2 | $ 770,000 | $ 385,000 | $ 197,000 |
| Clark County Ohio | 2 | $ 1,610,000 | $ 805,000 | $ 221,000 |
| Greene County Ohio | 2 | $ 420,000 | $ 210,000 | $ 280,000 |
| Preble County Ohio | 2 | $ 540,000 | $ 270,000 | $ 136,000 |
| Wayne County Ohio | 2 | $ 1,830,000 | $ 915,000 | $ 672,000 |
| Cumberland County Tennessee | 2 | $ 510,000 | $ 255,000 | $ 0 |
| Davidson County Tennessee | 2 | $ 600,000 | $ 300,000 | $ 111,000 |
| Collin County Texas | 2 | $ 450,000 | $ 225,000 | $ 595,000 |
| Ellis County Texas | 2 | $ 570,000 | $ 285,000 | $ 210,000 |
| Baldwin County Alabama | 1 | $ 285,000 | $ 285,000 | $ 125,000 |
| Jefferson County Alabama | 1 | $ 75,000 | $ 75,000 | $ 44,000 |
| Lee County Alabama | 1 | $ 245,000 | $ 245,000 | $ 550,000 |
| Pima County Arizona | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Pulaski County Arkansas | 1 | $ 325,000 | $ 325,000 | $ 116,000 |
| San Joaquin County California | 1 | $ 105,000 | $ 105,000 | $ 93,000 |
| Douglas County Colorado | 1 | $ 555,000 | $ 555,000 | $ 309,000 |
| Jefferson County Colorado | 1 | $ 395,000 | $ 395,000 | $ 106,000 |
| Summit County Colorado | 1 | $ 505,000 | $ 505,000 | $ 575,000 |
| District of Columbia County District Of Columbia | 1 | $ 405,000 | $ 405,000 | $ 236,000 |
| Bay County Florida | 1 | $ 325,000 | $ 325,000 | $ 104,000 |
| Flagler County Florida | 1 | $ 215,000 | $ 215,000 | $ 195,000 |
| Indian River County Florida | 1 | $ 905,000 | $ 905,000 | $ 752,000 |
| Marion County Florida | 1 | $ 495,000 | $ 495,000 | $ 118,000 |
| Nassau County Florida | 1 | $ 615,000 | $ 615,000 | $ 192,000 |
| Santa Rosa County Florida | 1 | $ 605,000 | $ 605,000 | $ 1,490,000 |
| St. Lucie County Florida | 1 | $ 205,000 | $ 205,000 | $ 14,000 |
| Sumter County Florida | 1 | $ 235,000 | $ 235,000 | $ 73,000 |
| Cherokee County Georgia | 1 | $ 545,000 | $ 545,000 | $ 150,000 |
| Hawaii County Hawaii | 1 | $ 285,000 | $ 285,000 | $ 169,000 |
| Bureau County Illinois | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Clark County Illinois | 1 | $ 505,000 | $ 505,000 | $ 202,000 |
| Coles County Illinois | 1 | $ 7,495,000 | $ 7,495,000 | $ 0 |
| Fulton County Illinois | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Iroquois County Illinois | 1 | $ 105,000 | $ 105,000 | $ 43,000 |
| Kendall County Illinois | 1 | $ 85,000 | $ 85,000 | $ 140,000 |
| Macon County Illinois | 1 | $ 175,000 | $ 175,000 | $ 82,000 |
| McLean County Illinois | 1 | $ 225,000 | $ 225,000 | $ 164,000 |
| Peoria County Illinois | 1 | $ 345,000 | $ 345,000 | $ 237,000 |
| Crawford County Indiana | 1 | $ 255,000 | $ 255,000 | $ 120,000 |
| Dubois County Indiana | 1 | $ 25,000 | $ 25,000 | $ 16,000 |
| Greene County Indiana | 1 | $ 45,000 | $ 45,000 | $ 126,000 |
| Jackson County Indiana | 1 | $ 145,000 | $ 145,000 | $ 85,000 |
| Jennings County Indiana | 1 | $ 25,000 | $ 25,000 | $ 61,000 |
| LaGrange County Indiana | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Monroe County Indiana | 1 | $ 285,000 | $ 285,000 | $ 168,000 |
| Sullivan County Indiana | 1 | $ 155,000 | $ 155,000 | $ 71,000 |
| Vanderburgh County Indiana | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Riley County Kansas | 1 | $ 165,000 | $ 165,000 | $ 367,000 |
| Boyd County Kentucky | 1 | $ 315,000 | $ 315,000 | $ 440,000 |
| Fayette County Kentucky | 1 | $ 265,000 | $ 265,000 | $ 144,000 |
| Scott County Kentucky | 1 | $ 235,000 | $ 235,000 | $ 84,000 |
| Cumberland County Maine | 1 | $ 1,395,000 | $ 1,395,000 | $ 2,298,000 |
| Anne Arundel County Maryland | 1 | $ 425,000 | $ 425,000 | $ 205,000 |
| Montgomery County Maryland | 1 | $ 805,000 | $ 805,000 | $ 178,000 |
| Barry County Michigan | 1 | $ 105,000 | $ 105,000 | $ 179,000 |
| Berrien County Michigan | 1 | $ 155,000 | $ 155,000 | $ 123,000 |
| Branch County Michigan | 1 | $ 155,000 | $ 155,000 | $ 64,000 |
| Cass County Michigan | 1 | $ 525,000 | $ 525,000 | $ 152,000 |
| Chippewa County Michigan | 1 | $ 255,000 | $ 255,000 | $ 257,000 |
| Clare County Michigan | 1 | $ 405,000 | $ 405,000 | $ 498,000 |
| Eaton County Michigan | 1 | $ 165,000 | $ 165,000 | $ 47,000 |
| Iosco County Michigan | 1 | $ 175,000 | $ 175,000 | $ 518,000 |
| Montmorency County Michigan | 1 | $ 195,000 | $ 195,000 | $ 52,000 |
| Oceana County Michigan | 1 | $ 365,000 | $ 365,000 | $ 122,000 |
| Osceola County Michigan | 1 | $ 255,000 | $ 255,000 | $ 92,000 |
| Oscoda County Michigan | 1 | $ 65,000 | $ 65,000 | $ 113,000 |
| Otsego County Michigan | 1 | $ 195,000 | $ 195,000 | $ 143,000 |
| Presque Isle County Michigan | 1 | $ 485,000 | $ 485,000 | $ 255,000 |
| Scott County Minnesota | 1 | $ 355,000 | $ 355,000 | $ 180,000 |
| St. Louis County Minnesota | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Camden County Missouri | 1 | $ 365,000 | $ 365,000 | $ 262,000 |
| St. Charles County Missouri | 1 | $ 625,000 | $ 625,000 | $ 223,000 |
| Middlesex County New Jersey | 1 | $ 285,000 | $ 285,000 | $ 142,000 |
| Monroe County New York | 1 | $ 105,000 | $ 105,000 | $ 154,000 |
| Oneida County New York | 1 | $ 205,000 | $ 205,000 | $ 130,000 |
| Durham County North Carolina | 1 | $ 95,000 | $ 95,000 | $ 131,000 |
| Mecklenburg County North Carolina | 1 | $ 505,000 | $ 505,000 | $ 176,000 |
| Moore County North Carolina | 1 | $ 895,000 | $ 895,000 | $ 309,000 |
| Wake County North Carolina | 1 | $ 475,000 | $ 475,000 | $ 150,000 |
| Watauga County North Carolina | 1 | $ 275,000 | $ 275,000 | $ 89,000 |
| Allen County Ohio | 1 | $ 175,000 | $ 175,000 | $ 45,000 |
| Ashtabula County Ohio | 1 | $ 525,000 | $ 525,000 | $ 134,000 |
| Auglaize County Ohio | 1 | $ 215,000 | $ 215,000 | $ 245,000 |
| Brown County Ohio | 1 | $ 585,000 | $ 585,000 | $ 221,000 |
| Champaign County Ohio | 1 | $ 325,000 | $ 325,000 | $ 82,000 |
| Erie County Ohio | 1 | $ 575,000 | $ 575,000 | $ 206,000 |
| Fulton County Ohio | 1 | $ 375,000 | $ 375,000 | $ 107,000 |
| Hocking County Ohio | 1 | $ 395,000 | $ 395,000 | $ 366,000 |
| Jefferson County Ohio | 1 | $ 25,000 | $ 25,000 | $ 44,000 |
| Lake County Ohio | 1 | $ 325,000 | $ 325,000 | $ 169,000 |
| Logan County Ohio | 1 | $ 155,000 | $ 155,000 | $ 263,000 |
| Marion County Ohio | 1 | $ 395,000 | $ 395,000 | $ 95,000 |
| Medina County Ohio | 1 | $ 305,000 | $ 305,000 | $ 125,000 |
| Meigs County Ohio | 1 | $ 145,000 | $ 145,000 | $ 48,000 |
| Miami County Ohio | 1 | $ 555,000 | $ 555,000 | $ 1,403,000 |
| Montgomery County Ohio | 1 | $ 455,000 | $ 455,000 | $ 146,000 |
| Noble County Ohio | 1 | $ 515,000 | $ 515,000 | $ 236,000 |
| Perry County Ohio | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Richland County Ohio | 1 | $ 85,000 | $ 85,000 | $ 61,000 |
| Vinton County Ohio | 1 | $ 225,000 | $ 225,000 | $ 70,000 |
| Wood County Ohio | 1 | $ 305,000 | $ 305,000 | $ 237,000 |
| Allegheny County Pennsylvania | 1 | $ 115,000 | $ 115,000 | $ 187,000 |
| Washington County Rhode Island | 1 | $ 595,000 | $ 595,000 | $ 257,000 |
| Berkeley County South Carolina | 1 | $ 305,000 | $ 305,000 | $ 130,000 |
| Charleston County South Carolina | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Greenville County South Carolina | 1 | $ 485,000 | $ 485,000 | $ 193,000 |
| Pickens County South Carolina | 1 | $ 235,000 | $ 235,000 | $ 77,000 |
| Sumter County South Carolina | 1 | $ 2,205,000 | $ 2,205,000 | $ 0 |
| Clay County Tennessee | 1 | $ 115,000 | $ 115,000 | $ 83,000 |
| Pickett County Tennessee | 1 | $ 305,000 | $ 305,000 | $ 95,000 |
| Sullivan County Tennessee | 1 | $ 75,000 | $ 75,000 | $ 57,000 |
| Tarrant County Texas | 1 | $ 315,000 | $ 315,000 | $ 195,000 |
| Fluvanna County Virginia | 1 | $ 505,000 | $ 505,000 | $ 265,000 |
| Lynchburg County Virginia | 1 | $ 215,000 | $ 215,000 | $ 84,000 |
| Roanoke City County Virginia | 1 | $ 235,000 | $ 235,000 | $ 366,000 |
| Kitsap County Washington | 1 | $ 605,000 | $ 605,000 | $ 157,000 |
| Teton County Wyoming | 1 | $ 3,005,000 | $ 3,005,000 | $ 4,672,000 |
Mortgage Loan Application Detail Totals for First Merchants Bank in 2023
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 3,933 | $1,123,675,000 | $285,000 | $31,905,000 | $133,000 | $3,448,000 |
| Refinancing | 2,029 | $333,245,000 | $164,000 | $15,005,000 | $132,000 | $4,309,000 |
| Other Purpose | 1,895 | $199,385,000 | $105,000 | $3,005,000 | $135,000 | $4,853,000 |
| Home Improvement | 919 | $89,725,000 | $97,000 | $10,205,000 | $115,000 | $2,228,000 |
| Cash-out Refinancing | 273 | $67,795,000 | $248,000 | $2,345,000 | $134,000 | $2,452,000 |
| Not Applicable | 1 | $265,000 | $265,000 | $265,000 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 6,129 | $1,135,675,000 | $185,000 | $3,405,000 | $135,000 | $4,853,000 |
| Not Provided | 955 | $169,035,000 | $177,000 | $3,005,000 | $176,000 | $4,309,000 |
| Black or African American | 704 | $100,890,000 | $143,000 | $2,405,000 | $81,000 | $1,160,000 |
| Hispanic | 530 | $91,440,000 | $172,000 | $935,000 | $88,000 | $650,000 |
| Asian | 354 | $67,990,000 | $192,000 | $1,665,000 | $110,000 | $1,557,000 |
| Not applicable | 289 | $218,615,000 | $756,000 | $31,905,000 | $0 | $0 |
| American Indian or Alaskan Native | 31 | $5,535,000 | $178,000 | $755,000 | $87,000 | $263,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $55,000 | $55,000 | $55,000 | $37,000 | $37,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 8,717 | $1,749,515,000 | $200,000 | $31,905,000 | $134,000 | $4,853,000 |
| FHA-insured (Federal Housing Administration) | 274 | $51,040,000 | $186,000 | $525,000 | $70,000 | $541,000 |
| VA-guaranteed (Veterans Administration) | 31 | $9,245,000 | $298,000 | $715,000 | $117,000 | $618,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 28 | $4,290,000 | $153,000 | $365,000 | $58,000 | $100,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 5,739 | $1,244,965,000 | $216,000 | $31,905,000 | $142,000 | $4,853,000 |
| Application Denied By Financial Institution | 1,403 | $156,265,000 | $111,000 | $2,435,000 | $83,000 | $1,586,000 |
| Application Withdrawn By Applicant | 1,101 | $253,495,000 | $230,000 | $6,015,000 | $140,000 | $2,774,000 |
| File Closed For Incompleteness | 415 | $72,175,000 | $173,000 | $2,285,000 | $161,000 | $4,309,000 |
| Application Approved But Not Accepted | 124 | $24,370,000 | $196,000 | $4,455,000 | $115,000 | $1,148,000 |
| Preapproval Denied by Financial Institution | 116 | $29,540,000 | $254,000 | $3,005,000 | $84,000 | $1,193,000 |
| Preapproval Approved but not Accepted | 81 | $21,685,000 | $267,000 | $1,205,000 | $102,000 | $589,000 |
| Loan Purchased By The Institution | 71 | $11,595,000 | $163,000 | $525,000 | $60,000 | $185,000 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 7,531 | $1,628,285,000 | $216,000 | $31,905,000 | $141,000 | $4,853,000 |
| Debt-To-Income Ratio | 873 | $102,755,000 | $117,000 | $2,435,000 | $69,000 | $728,000 |
| Credit History | 368 | $35,440,000 | $96,000 | $2,205,000 | $87,000 | $688,000 |
| Collateral | 146 | $16,460,000 | $112,000 | $985,000 | $115,000 | $1,256,000 |
| Unverifiable Information | 46 | $10,770,000 | $234,000 | $1,505,000 | $144,000 | $1,586,000 |
| Other | 43 | $9,635,000 | $224,000 | $3,005,000 | $145,000 | $1,193,000 |
| Credit Application Incomplete | 22 | $6,880,000 | $312,000 | $1,445,000 | $108,000 | $451,000 |
| Employment History | 21 | $3,865,000 | $184,000 | $495,000 | $66,000 | $187,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Merchants Bank's 2023 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess First Merchants Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Indiana, download the full spreadsheet
with aggregated HMDA statistics today.